Sunday, November 28, 2010

Australian Senate passes bill to split Telstra in two, pushes National Broadband Network closer to reality

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The future of Australian's Labor Party-backed National Broadband
Network is looking much brighter today. The Senate voted in favor of
an A$11 billion bill for Telstra's copper network that also has the
Telecom company (and former government-owned entity) splitting into
both a retail group and a wholesale network group. The House of
Representatives will weigh in on Monday, with all signs pointing to
passage there as well. The opposition party and its A$6.3 billion
proposal? A lost packet.

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